ASIC consults on establishing a Financial Services Panel

From

ASIC has  released a consultation paper on its proposal to develop and implement a Financial Services Panel (the Panel). The Panel would add a strong element of peer review to... Read more continue reading

ASIC releases further report on emerging market issuers

From

ASIC published Report 521 Further review of emerging market issuers (REP 521) yesterday, which discusses ASIC’s views on emerging market issuer activity and highlights how ASIC has responded to the key... Read more continue reading

ASIC cancels suspended Australian Financial Services licence for failing to lodge annual statements

From

ASIC has cancelled the Australian Financial Services (AFS) licence of Parramatta-based company Rural & General Insurance Broking Pty Limited (RGIB) for failing to comply with their legal obligations and licence... Read more continue reading

ASIC establishes Financial Advisers Consultative Committee

From

ASIC yesterday announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership. ‘ASIC has extensive engagement with participants... Read more continue reading

Global Money Week: ASIC offers practical tips and resources to teach kids about money

From

To mark Global Money Week (27 March – 2 April 2017), ASIC’s MoneySmart offers practical tips and resources for parents to help them teach children about money to establish good... Read more continue reading

CommInsure notes ASIC report

From

CommInsure notes the Report on ASIC’s Investigation into The Colonial Mutual Life Assurance Society Limited released yesterday by the Australian Securities and Investments Commission (ASIC). The report established that various... Read more continue reading

ASIC reports on how large financial advice firms have dealt with poor advisers

From

ASIC has released the findings of its review of how Australia’s largest financial advice firms have dealt with past poor advice and non-compliant advisers, including how these firms have dealt... Read more continue reading

ASIC consults on ‘sunsetting’ class order about licensing relief for trustees of wholesale equity schemes

From

ASIC yesterday released a consultation paper proposing to either remake or repeal ASIC Class Order [CO 07/74] Wholesale equity schemes: Licensing relief for trustees. This is due to expire (‘sunset’)... Read more continue reading

ASIC’s Enforcement Report highlights key outcomes from the second half of 2016

From

ASIC yesterday released its enforcement report for the period 1 July 2016 to 31 December 2016. ASIC’s enforcement results over the six-month period include: The report also covers ASIC’s key... Read more continue reading

ASIC updates its guidance on fee disclosure statements

From

ASIC has released an updated Regulatory Guide 245 Fee disclosure statements (RG 245) to reflect regulatory and legislative changes since the guide was first published, including revisions to the Future... Read more continue reading